Happy Buddha Tower Condominium
135-37 37th Avenue, Queens, NY 11354
Overview
Happy Buddha Tower is a 20-unit condo in Queens, with 2 commercial units.
- Offering plan: Accepted June 2005 · 334 pages
- Finishes: Wood floors, laminate kitchen countertops, Golden Star cabinets, Whirlpool appliances, a washer and dryer in each apartment and individual gas-fired boiler per apartment for heating and cooling
- Prices: $479 a square foot on average, as first offered; $10.6 million in all
- Common charges: $137–$260 a month, the sponsor's first-year estimate
- Utilities: Electricity, gas and heat paid by the owner p. 306
- Sponsor: Very Lucky Realty, Inc, represented by James J. Matusiak, Esq.; principals Lina Lin
- Neighborhood: Flushing, Queens
- Subway: 4-minute walk to Flushing-Main St (7)
- Amendments: 3, the latest in October 2005
- Units
- 20 residential · 2 commercial
- Neighborhood
- Flushing, Queens
- Subway
- 4 min walk to Flushing-Main St 7
- Principals
- Lina Lin
- Average $/sf
- $479Homes in Schedule A, as first offered
- Common charges
- $137–$260 a monthSponsor's first-year estimate in Schedule A, fiscal year commencing July 1, 2005
- Offering price
- $10.6 million total
- Floor plans
- Pages 146–182 of the plan
- AcceptedJune 2005
- 3 amendments
- First sale
- Latest sale
Units & Prices
Sales
19 of 20 units sold (95%)
$4.84 millionin sales
$415/SFaverage sale price
September 2005 – May 2022first to latest sale
| Unit | Sold | Price |
|---|---|---|
| 7-C | May 11, 2022 | $432,000 |
| 3-B | May 18, 2006 | $295,000 |
| 3-A | Mar 10, 2006 | $365,000 |
| 5-D | Nov 30, 2005 | $354,900 |
| 6-A | Oct 17, 2005 | $188,990 |
| 5-A | Oct 14, 2005 | $234,432 |
| 5-B | Oct 14, 2005 | $173,394 |
| 7-A | Oct 14, 2005 | $190,426 |
| 5-C | Oct 13, 2005 | $222,066 |
| 6-B | Oct 13, 2005 | $176,634 |
| 7-B | Oct 13, 2005 | $253,500 |
| 7-D | Oct 13, 2005 | $234,768 |
| 8-A | Oct 13, 2005 | $340,704 |
| 8-B | Oct 13, 2005 | $329,550 |
| 3-C | Oct 5, 2005 | $189,870 |
| 8-D | Oct 5, 2005 | $262,470 |
| 6-D | Oct 4, 2005 | $183,780 |
| 3-D | Sep 29, 2005 | $241,152 |
| 6-C | Sep 29, 2005 | $174,483 |
From city records (ACRIS), through Jul 31, 2026.
Common Charges & First-Year Budget
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
| Home | Plan's estimate | First year | Current |
|---|---|---|---|
| 3-A | $1,419 | $5,732FY2026 | |
| 3-B | $1,216 | $3,793FY2026 | |
| 3-C | $1,210 | $4,874FY2026 | |
| 3-D | $1,620 | $6,451FY2026 | |
| 5-A | $1,664 | $6,873FY2026 | |
| 5-B | $1,215 | $5,031FY2026 | |
| 5-C | $1,209 | $5,009FY2026 | |
| 5-D | $1,620 | $6,629FY2026 | |
| 6-A | $1,664 | $6,971FY2026 | |
| 6-B | $1,215 | $5,098FY2026 | |
| 6-C | $1,209 | $5,077FY2026 | |
| 6-D | $1,620 | $6,717FY2026 | |
| 7-A | $1,664 | $7,057FY2026 | |
| 7-B | $1,215 | $5,166FY2026 | |
| 7-C | $1,209 | $4,824FY2024 | $5,145FY2026 |
| 7-D | $1,620 | $6,809FY2026 | |
| 8-A | $2,299 | $11,083FY2026 | |
| 8-B | $1,854 | $5,118FY2026 | |
| 8-C | $1,830 | $10,184FY2026 | |
| 8-D | $2,256 | $10,804FY2026 |
The plan's estimate is the sponsor's guess for year one. The city's bill is the real one, from the Department of Finance.
Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
- Sponsor's counsel fee
- $700.00Paid by the purchaser to the sponsor's attorneys for the closingp. 194
- Counsel's extra charges
- $300.00: Adjournment of Closingp. 64
- Transfer taxes
- Paid by the purchaserNew York City and State transfer taxes, by law the seller's, shift to the buyer in a sponsor salep. 5
- Working capital
- “one month's common charges”Contribution to the condominium's working capital fundp. 118
Not listed: title insurance, mortgage tax, lender fees, mansion tax.
The Building
Amendments
Amendment 3 Oct 21, 2005
Selling prices of three units adjusted; total purchase price of all 23 units updated to $11,001,400.
- Unit 3A price raised to $345,000.00
- Unit 3B price raised to $295,000.00
- Unit 5D price raised to $395,000.00
- Total purchase price of all 23 units now $11,001,400
Amendment 2 Jul 20, 2005
The offering plan is declared effective and the sponsor discloses initial sales and closing timeline.
- Offering Plan declared effective
- First unit closing expected on or about August 15, 2005
- 5 units sold, 18 units remain unsold (21.74% of total units sold)
- Sponsor will control the Board of Managers
- Declaration, By-Laws and documents to be recorded prior to first unit conveyance
- First year operating budgets (Schedule B and B-1) remain unchanged
Amendment 1 Jun 29, 2005
Selling prices of three units adjusted and total purchase price of all 23 units updated to $10,722,600.00.
- Unit 3B price changed to $275,000.00
- Unit 5C price changed to $254,000.00
- Unit 7B price changed to $250,000.00
- Total purchase price of all 23 units now $10,722,600.00
Team
- Sponsor
- Very Lucky Realty, Inc
- Principals
- Lina Lin
- Counsel
- James J. Matusiak, Esq.
Zoning
- Zoning district
- C4-2
Today's zoning, from city data (PLUTO 26v2).
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